Friday, January 03, 2020 8:29:05 AM
44% of volume yesterday, about 16,700,000 shares were short. that number, 44% has wavered up and down and has gone as high as 67% (mind you the volume that day was about 2 million). It's a substantial short position,but the good news is, it can help the cause of the bulls in a big way. When shorts cover, look for clear blue skies.
The RSI is high, another anomaly for such a bullish stock. But, the stock market is a strange place and companies can rise dramatically contrary to the accepted understanding of a high RSI.
The volume is amazing and has exceeded 180 million over the last very short while. Watch the trades, most are small to medium. Keep your eye out for the big ones, which will likely come in as OWCP continues to prove to institutional that this is real. A few 100,000, a couple of 500,000 and a million share trade would be sweet. WE've had a few.
Have a good day. At the end of it, all that counts is we are flying! And I'm now 2/3 of the way to breaking even :) .30 is my break even and I believe we can get there and further. When? No idea. I don't care.I waited this long.
Many happy OWCP moments, my friends.
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